Ameris Bancorp (NASDAQ:ABCB) Director William I. Jr. Bowen acquired 300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were bought at an average price of $46.09 per share, with a total value of $13,827.00. Following the acquisition, the director now directly owns 10,515 shares in the company, valued at $484,636.35. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Ameris Bancorp (ABCB) traded up 0.33% during midday trading on Thursday, hitting $45.95. 45,638 shares of the stock traded hands. Ameris Bancorp has a 12-month low of $32.35 and a 12-month high of $51.28. The firm has a market cap of $1.71 billion, a P/E ratio of 19.74 and a beta of 1.27. The company’s 50-day moving average is $47.36 and its 200 day moving average is $46.18.

Ameris Bancorp (NASDAQ:ABCB) last posted its quarterly earnings data on Friday, July 21st. The bank reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.02. Ameris Bancorp had a net margin of 22.66% and a return on equity of 12.52%. The business had revenue of $91.35 million during the quarter, compared to analysts’ expectations of $92.71 million. On average, analysts anticipate that Ameris Bancorp will post $2.55 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 10th. Stockholders of record on Friday, June 30th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Wednesday, June 28th. Ameris Bancorp’s payout ratio is 17.09%.

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Several hedge funds and other institutional investors have recently bought and sold shares of ABCB. Rhumbline Advisers raised its position in Ameris Bancorp by 3.0% in the second quarter. Rhumbline Advisers now owns 78,795 shares of the bank’s stock valued at $3,798,000 after buying an additional 2,299 shares during the last quarter. Arizona State Retirement System raised its position in Ameris Bancorp by 1.6% in the second quarter. Arizona State Retirement System now owns 19,400 shares of the bank’s stock valued at $935,000 after buying an additional 300 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Ameris Bancorp by 11.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 157,748 shares of the bank’s stock valued at $7,604,000 after buying an additional 15,743 shares during the last quarter. Solaris Asset Management LLC raised its position in Ameris Bancorp by 16.1% in the second quarter. Solaris Asset Management LLC now owns 5,112 shares of the bank’s stock valued at $246,000 after buying an additional 710 shares during the last quarter. Finally, Sei Investments Co. raised its position in Ameris Bancorp by 4.7% in the second quarter. Sei Investments Co. now owns 37,570 shares of the bank’s stock valued at $1,811,000 after buying an additional 1,685 shares during the last quarter. 84.08% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently weighed in on ABCB. Stephens reiterated a “buy” rating and set a $52.00 price objective on shares of Ameris Bancorp in a report on Friday, April 21st. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $51.00 price objective on shares of Ameris Bancorp in a report on Wednesday, May 24th. BidaskClub upgraded shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Piper Jaffray Companies reiterated a “hold” rating and set a $48.00 price objective on shares of Ameris Bancorp in a report on Friday, July 21st. Finally, Zacks Investment Research lowered shares of Ameris Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $49.33.

Ameris Bancorp Company Profile

Ameris Bancorp is a financial holding company. The Company’s business is conducted through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Company operates through four segments: the Banking Division, the Retail Mortgage Division, the Warehouse Lending Division and the SBA Division.

Insider Buying and Selling by Quarter for Ameris Bancorp (NASDAQ:ABCB)

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